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The Zacks Analyst Blog Highlights Amazon, Morgan Stanley, Fortinet, W.W. Grainger and Align Technology
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For Immediate Release
Chicago, IL – February 23, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon.com, Inc. (AMZN - Free Report) , Morgan Stanley (MS - Free Report) , Fortinet, Inc. (FTNT - Free Report) , W.W. Grainger, Inc. (GWW - Free Report) and Align Technology, Inc. (ALGN - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Amazon, Morgan Stanley and Fortinet
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Morgan Stanley and Fortinet, Inc.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Amazon.com have underperformed the Zacks Internet - Commerce industry over the past year (-34.7% vs. -27.9%). The company is facing inflationary pressure, supply-chain constraints, geopolitical tensions and foreign currency headwinds, all which remain concerns. Further, softness in online shopping activities remains a negative for its online stores.
Nevertheless, Amazon's fourth quarter results were driven by Prime and AWS momentum. Strengthening AWS services portfolio and its growing adoption rate contributed well. Ultrafast delivery services and its expanding content portfolio were beneficial. Strengthening relationships with third-party sellers remained a positive for the company. A robust advertising business contributed well.
Improving Alexa skills, along with robust smart home products offerings, were tailwinds. Amazon's strong global presence and solid momentum among the small and medium businesses look good for the company, as well. Considering the abovementioned facts, the Zacks analyst expect 2022 revenue to be up 5% from 2021.
Morgan Stanley's shares have outperformed the Zacks Financial - Investment Bank industry over the past year (+4.3% vs. +2.9%). The company is undertaking steps, including strategic buyouts, to become less dependent on capital-market-driven revenue sources. These efforts, along with a focus on corporate lending and higher rates, are expected to aid revenues. Our estimates for total revenues indicate a CAGR of 3.1% by 2025.
However, Morgan Stanley's fourth-quarter 2022 results reflected weak investment banking (IB) performance. Ambiguity of the performance of the capital markets remains a concern and is expected to affect the Institutional Securities segment. The Zacks analyst expects the segment's revenues to decline 2% in 2023.
Also, muted investment banking performance is a major headwind. Elevated costs due to investments in franchises and inflation are likely hamper profits, and our estimates show a CAGR of 2% by 2025.
Shares of Fortinet have outperformed the Zacks Security industry over the past year (+4.9% vs. +2.9%). The company is benefiting from rising demand for security and networking products amid a growing hybrid working trend. It is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network (SD-WAN) offerings. Continued deal wins, especially those of high value, are a key driver.
Higher IT spending on cybersecurity is further expected to aid Fortinet to grow faster than the security market. The focus on enhancing its unified threat management (UTM) portfolio through product development and acquisitions is a tailwind for Fortinet. The Zacks analyst estimates suggest Fortinet's revenues will grow at a CAGR of 22% through 2023-2025.
However, intensifying competition due to increasing consolidation in the security industry poses concerns. Increased hiring and mergers & acquisitions spends remain overhangs on margin.
Other noteworthy reports we are featuring today include W.W. Grainger, Inc. and Align Technology, Inc..
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Amazon, Morgan Stanley, Fortinet, W.W. Grainger and Align Technology
For Immediate Release
Chicago, IL – February 23, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon.com, Inc. (AMZN - Free Report) , Morgan Stanley (MS - Free Report) , Fortinet, Inc. (FTNT - Free Report) , W.W. Grainger, Inc. (GWW - Free Report) and Align Technology, Inc. (ALGN - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Amazon, Morgan Stanley and Fortinet
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Morgan Stanley and Fortinet, Inc.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Shares of Amazon.com have underperformed the Zacks Internet - Commerce industry over the past year (-34.7% vs. -27.9%). The company is facing inflationary pressure, supply-chain constraints, geopolitical tensions and foreign currency headwinds, all which remain concerns. Further, softness in online shopping activities remains a negative for its online stores.
Nevertheless, Amazon's fourth quarter results were driven by Prime and AWS momentum. Strengthening AWS services portfolio and its growing adoption rate contributed well. Ultrafast delivery services and its expanding content portfolio were beneficial. Strengthening relationships with third-party sellers remained a positive for the company. A robust advertising business contributed well.
Improving Alexa skills, along with robust smart home products offerings, were tailwinds. Amazon's strong global presence and solid momentum among the small and medium businesses look good for the company, as well. Considering the abovementioned facts, the Zacks analyst expect 2022 revenue to be up 5% from 2021.
(You can read the full research report on Amazon.com here >>>)
Morgan Stanley's shares have outperformed the Zacks Financial - Investment Bank industry over the past year (+4.3% vs. +2.9%). The company is undertaking steps, including strategic buyouts, to become less dependent on capital-market-driven revenue sources. These efforts, along with a focus on corporate lending and higher rates, are expected to aid revenues. Our estimates for total revenues indicate a CAGR of 3.1% by 2025.
However, Morgan Stanley's fourth-quarter 2022 results reflected weak investment banking (IB) performance. Ambiguity of the performance of the capital markets remains a concern and is expected to affect the Institutional Securities segment. The Zacks analyst expects the segment's revenues to decline 2% in 2023.
Also, muted investment banking performance is a major headwind. Elevated costs due to investments in franchises and inflation are likely hamper profits, and our estimates show a CAGR of 2% by 2025.
(You can read the full research report on Morgan Stanley here >>>)
Shares of Fortinet have outperformed the Zacks Security industry over the past year (+4.9% vs. +2.9%). The company is benefiting from rising demand for security and networking products amid a growing hybrid working trend. It is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network (SD-WAN) offerings. Continued deal wins, especially those of high value, are a key driver.
Higher IT spending on cybersecurity is further expected to aid Fortinet to grow faster than the security market. The focus on enhancing its unified threat management (UTM) portfolio through product development and acquisitions is a tailwind for Fortinet. The Zacks analyst estimates suggest Fortinet's revenues will grow at a CAGR of 22% through 2023-2025.
However, intensifying competition due to increasing consolidation in the security industry poses concerns. Increased hiring and mergers & acquisitions spends remain overhangs on margin.
(You can read the full research report on Fortinet here >>>)
Other noteworthy reports we are featuring today include W.W. Grainger, Inc. and Align Technology, Inc..
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.